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InterCept and the former owners of iBill have amended the iBill asset purchase agreement to settle outstanding issues related to the $10.5 million remaining in escrow and to eliminate the contractual earnout provisions
Unless I am missreading this Intercept purchases the assets to Ibill, not Ibill. This could mean that Ibill liabilities might not be paid.
Does anyone know more about this? This could effect reserves held etc.
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